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BNFT

Benefitfocus, Inc.

Delisted

BNFT was delisted on the 23rd of January, 2023.

110 hedge funds and large institutions have $252M invested in Benefitfocus, Inc. in 2020 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 46 increasing their positions, 25 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 25

78% more call options, than puts

Call options by funds: $840K | Put options by funds: $473K

4% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 26

3% less funds holding

Funds holding: 113110 (-3)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

63% less capital invested

Capital invested by funds: $690M → $252M (-$438M)

Holders
110
Holders Change
-3
Holders Change %
-2.65%
% of All Funds
2.42%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
25
Increased
46
Reduced
25
Closed
26
Calls
$840K
Puts
$473K
Net Calls
+$367K
Net Calls Change
+$373K
Name Holding Trade Value Shares
Change
Change in
Stake
Marshall Wace
26
Marshall Wace
United Kingdom
$1.78M +$1.73M +114,000 +132%
FG
27
Formula Growth
Quebec, Canada
$1.69M +$2.88M +190,118 New
Charles Schwab
28
Charles Schwab
California
$1.67M +$27.1K +1,785 +1%
Citadel Advisors
29
Citadel Advisors
Florida
$1.61M +$1.41M +93,039 +106%
Millennium Management
30
Millennium Management
New York
$1.6M +$1.76M +115,760 +183%
Goldman Sachs
31
Goldman Sachs
New York
$1.33M -$1.34M -88,145 -37%
Mirae Asset Global Investments
32
Mirae Asset Global Investments
South Korea
$1.25M -$91.4K -6,026 -4%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$1.24M +$108K +7,116 +5%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$975K -$29.9K -1,973 -2%
BAMCO Inc
35
BAMCO Inc
New York
$931K -$55M -3,629,619 -97%
PPA
36
Parametric Portfolio Associates
Washington
$883K +$523K +34,520 +53%
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$834K +$61.6K +4,059 +5%
PP
38
PDT Partners
New York
$832K +$506K +33,360 +56%
JP Morgan Chase
39
JP Morgan Chase
New York
$743K -$532K -35,101 -30%
Jacobs Levy Equity Management
40
Jacobs Levy Equity Management
New Jersey
$642K -$437K -28,833 -29%
Bank of America
41
Bank of America
North Carolina
$592K -$176K -11,590 -15%
AllianceBernstein
42
AllianceBernstein
Tennessee
$563K +$433K +28,550 +82%
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$538K +$36.4K +2,400 +4%
Walleye Capital
44
Walleye Capital
New York
$515K +$518K +34,157 +145%
CSS
45
Cubist Systematic Strategies
Connecticut
$515K +$876K +57,783 New
EIM
46
Essex Investment Management
Massachusetts
$504K -$42.3K -2,788 -5%
AG
47
Aperio Group
California
$498K +$613K +40,401 +260%
Swiss National Bank
48
Swiss National Bank
Switzerland
$446K
Lazard Asset Management
49
Lazard Asset Management
New York
$436K +$658K +43,396 +774%
Barclays
50
Barclays
United Kingdom
$419K -$313K -20,671 -30%

BNFT Hedge Fund Activity: Q1 2020 in Review

110 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Benefitfocus, Inc. (BNFT) for Q1 2020, worth a combined $252M — down 63% from $690M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of BNFT and 25 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 46 added.

The largest buyer was ArrowMark Colorado Holdings, adding an estimated $13.7M. The largest seller was BAMCO Inc, cutting an estimated $55M.

  • 110 institutional investors held Benefitfocus, Inc. (BNFT) as of Q1 2020, down from 113 in Q4 2019.
  • Funds reported $252M of Benefitfocus, Inc. stock for Q1 2020, down 63% quarter-over-quarter.
  • 25 funds opened new Benefitfocus, Inc. positions in Q1 2020 and 26 closed out, a net change of -1 holder.
  • The largest Benefitfocus, Inc. buyer in Q1 2020 was ArrowMark Colorado Holdings, an estimated $13.7M added.
  • The largest Benefitfocus, Inc. seller in Q1 2020 was BAMCO Inc, an estimated $55M sold.

Based on aggregated 13F filings for Q1 2020.